Illinois HB 3445 Prevents Transmission Competition, Creates New Utility Monopoly Power, and Raises Electricity Prices for Consumers

In May, the Illinois legislature passed a bill (HB 3445) that grants a right of first refusal (ROFR) to incumbent utility monopolies for regional transmission projects which prevents competition and results in significant electricity price inflation for Illinoisans.

HB 3445 Prevents Transmission Competition, Protects Utility Monopoly Power, and Raises Electricity Prices for Consumers

In May, the Illinois legislature passed a bill (HB 3445) that grants a right of first refusal (ROFR) to incumbent utility monopolies for regional transmission projects which prevents competition and results in significant electricity price inflation for Illinoisans.

HB 3445 Will Increase Electricity Costs for Illinois Consumers

Ameren Illinois, a utility monopoly, is pushing a bill that would result in substantial increases in electricity rates for Illinois families and businesses for decades. HB 3445 includes a right of first refusal – or ROFR – which protects Ameren Illinois from competition and allows them to charge consumers higher electricity costs.

Gov. Pritzker Has Pledged to Stand with Illinois Consumers

HB 3445 has made its way out of the General Assembly and is now on Governor J.B. Pritzker’s desk. When asked if he plans on vetoing the anti-competitive ROFR bill, Pritzker responded: “Yes, I do.”

The Governor’s office has also stated “We oppose a measure that puts corporate profits over consumers.”

A veto of the ROFR means standing up for Illinois families and businesses in the face of monopoly power.

 

Pritzker Website Graphic

HB 3445 in the News